Coffee Market Braces for Venti Bags; Rule Change Expected to Further Suppress Arabica Prices
October 10, 2013 Leave a comment
October 9, 2013, 4:34 p.m. ET
Coffee Market Braces for Venti Bags
Rule Change Expected to Further Suppress Arabica Prices
LESLIE JOSEPHS
For hundreds of years, coffee beans have made their way around the world in gunny sacks. Now the use of these burlap bags, small enough to be hoisted by one person and a symbol of coffee’s artisanal character, is giving way to the modern demands of global trade. IntercontinentalExchange Inc., ICE -0.37% home to the world’s most heavily traded coffee contract, last week said it would allow bean shipments to its certified warehouses to arrive in lined cargo containers, or “supersacks.” These plastic woven sacks often hold a metric ton of coffee, or enough beans to make about 125,000 shots of espresso. Read more of this post


